[News]

Hi all,

We have learned that Nvidia is about to cut its workforce by 6.5
percent, following dramatic changes to its business outlook - if you
could post a link on your site that would be very much appreciated.

*Link:*
http://www.bit-tech.net/news/2008/09/18/nvidia-cuts-workforce-by-6-5-percent/1**

*Quote:
*/"We have learned that Nvidia will shed 6.5 percent of its 5,500-strong
global workforce---equating to approximately 360 employees---before the
end of its third fiscal quarter.

The job cuts come following dramatic changes to the company's business
outlook during the second quarter and will be company-wide cuts. There
will be job losses in all business units, in all regions -- because of
this, there will be some internal reshuffling following the cuts.

Although Nvidia's business outlook has changed, the company says it is
still making significant progress in its key growth areas, namely with
its CUDA parallel computing technology and also its Tegra system on a
chip, and will continue to invest heavily in high growth opportunities."/
*
*Cheers guys!

Tim Smalley
www.bit-tech.net